economy and society of RUSSIA
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Answer:
Russia has a mixed economy. It's come a long way since the 1991 breakup of the Soviet Union and its command economy. Today, the government only owns the oil and gas industries. Gazprom is Russia's state-owned gas company and owns the world's largest gas reserves.
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Answer:
Russia's vast geography is an important determinant of its economic activity, with some sources estimating that Russia contains over 30 percent of the world's natural resources.[28][29][30] The World Bank estimates the total value of Russia's natural resources at $75 trillion US dollars.[31][32] Russia relies on energy revenues to drive most of its growth. Russia has an abundance of oil, natural gas and precious metals, which make up a major share of Russia's exports. As of 2012, the oil-and-gas sector accounted for 16% of GDP, 52% of federal budget revenues and over 70% of total exports.[33][34] Russia is considered an "energy superpower".[35][36] It has the world's largest proven natural gas reserves and is the largest exporter of natural gas. It is also the second-largest exporter of petroleum.
Russia's vast geography is an important determinant of its economic activity, with some sources estimating that Russia contains over 30 percent of the world's natural resources.[28][29][30] The World Bank estimates the total value of Russia's natural resources at $75 trillion US dollars.[31][32] Russia relies on energy revenues to drive most of its growth. Russia has an abundance of oil, natural gas and precious metals, which make up a major share of Russia's exports. As of 2012, the oil-and-gas sector accounted for 16% of GDP, 52% of federal budget revenues and over 70% of total exports.[33][34] Russia is considered an "energy superpower".[35][36] It has the world's largest proven natural gas reserves and is the largest exporter of natural gas. It is also the second-largest exporter of petroleum.Russia has a large and sophisticated arms industry, capable of designing and manufacturing high-tech military equipment, including a fifth-generation fighter jet, nuclear powered submarines, firearms, and short range/long range ballistic missiles. The value of Russian arms exports totalled $15.7 billion in 2013—second only to the US. Top military exports from Russia include combat aircraft, air defence systems, ships and submarines.[37][38]
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